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Steel: EU imports to fall in 2022
In the fourth quarter of 2022, EU steel imports (including semi-finished products) fell by 33%, following a 17% drop in the third quarter of the same year. For the year as a whole, EU steel imports decreased by 6.6% year-on-year, although they remained at an all-time...
Freeport Indonesia will have to cede an additional 10% stake to the Indonesian government
Indonesia's investment minister said on Wednesday that Freeport Indonesia will have to agree to sell an additional 10 per cent stake to the Indonesian government while negotiations are underway to extend the US company's permit to operate in the country. Bahlil...
Steel: ArcelorMittal’s profits exceed forecasts thanks to improved market conditions
ArcelorMittal SA, the world's largest steel producer outside China, said its first-quarter profits rose thanks to a recovery in demand. The steelmaker's business in Europe, where the company holds most of its capacity, improved markedly as customers began to replenish...
Copper: false rebound on Fed speculation
Copper rebounded from its lowest close in four months on speculation about the Federal Reserve's pause in raising interest rates, which increased appetite for risk assets. The rally comes after copper had slipped earlier in the week, hit by mixed Chinese data and...